Tag Archives: opendoor

The biggest mortgage, lending and housing finance stories of 2022

By | | Uncategorized
Comments Off on The biggest mortgage, lending and housing finance stories of 2022

The industry dodged a meltdown, but skyrocketing mortgage rates fueled a rush to “right size” and helped crown a new leader in mortgage lending. Continue reading →

2022 by the numbers: The dirty data that drove a weird year in real estate

By | | Uncategorized
Comments Off on 2022 by the numbers: The dirty data that drove a weird year in real estate

To better illustrate how capricious the real estate industry was in 2022, Inman searched high and low for rogue data points that drove the housing market and best reflected this year’s wild tumble. Continue reading →

Real estate in 2022: When the #@!$ finally hit the fan

By | | Uncategorized
Comments Off on Real estate in 2022: When the #@!$ finally hit the fan

Soaring mortgage rates, slagging sales, thousands and thousands of layoffs: The past 12 months have offered a jarring reminder that what goes up must come down. Continue reading →

Expect more high-profile executive shakeups — and golden parachutes

By | | Uncategorized
Comments Off on Expect more high-profile executive shakeups — and golden parachutes

This month, Coldwell Banker CEO M. Ryan Gorman and Opendoor CEO Eric Wu relinquished their chief executive posts. Inman founder Brad Inman envisions a cold winter ahead. Continue reading →

Opendoor faces ‘existential’ crisis as iBuying fights for survival

By | | Uncategorized
Comments Off on Opendoor faces ‘existential’ crisis as iBuying fights for survival

The company recently reported a nearly billion-dollar loss and has now dramatically rearranged its executive lineup as the cash-buying sector contends with a slowing market. Continue reading →

Opendoor CEO and president out as iBuyer shakes up exec team

By | | Uncategorized
Comments Off on Opendoor CEO and president out as iBuyer shakes up exec team

Weeks after it reported losing nearly $1 billion in the third quarter, the leading iBuying company shook up its top executives. Founder Eric Wu was replaced as CEO by CFO Carrie Wheeler, and President Andrew Low Ah Kee has resigned. Continue reading →

Here’s what you need to know about Opendoor Exclusives

By | | Uncategorized
Comments Off on Here’s what you need to know about Opendoor Exclusives

The iBuyer has launched a new marketplace to connect homebuyers and sellers. The move comes as the housing market continues to slow and as iBuyers face gathering headwinds. Continue reading →

Billions in losses, a brutal market and more from Q3 earnings season

By | | Uncategorized
Comments Off on Billions in losses, a brutal market and more from Q3 earnings season

A slowing market is taking a toll on big real estate companies, though not every firm is suffering equally. A look back on the past three dramatic weeks of third-quarter wins, losses and draws. Continue reading →

It’s the disruption, stupid! Redfin Now and the end of iBuying as we know it

By | | Uncategorized
Comments Off on It’s the disruption, stupid! Redfin Now and the end of iBuying as we know it

As Redfin winds down its operations, Opendoor and Offerpad are the last ones left for the most part — and they’re both struggling. Was iBuying a flash in the pan or is everyone simply looking in the wrong direction? Continue reading →